btcgoto200k

Bitcoin $BTC is trading under bearish pressure near $73,300 to $73,800 following hotter-than-expected U.S. inflation data and sustained institutional outflows. After starting early November near $80,400, the cryptocurrency has slipped over 8% during the past week as investors adjust to potential Federal Reserve rate hikes.

Immediate Support ($72,700 – $73,000): Bulls are defending the $73,000 psychological zone and recent session lows near $72,727. A breakdown below this floor risks exposing deeper support around $70,000.

Overhead Resistance ($75,000 – $76,400): On the daily chart, FXStreet notes that BTC trades below its 50-day, 100-day, and 200-day Exponential Moving Averages. Reclaiming $75,000 and the 200-day EMA near $76,400 is required to neutralize immediate downside momentum.

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